Revolutionize Your How Does BlackBull Markets Offer Leverage
Forex and CFD fees are low at BlackBull Markets. Opening an account is quick, all done online, and straightforward. There are many great ways to learn about trading, like videos, texts, and a demo account.
So, it’s the best platform for trading forex. Leverage levels are another essential part of our BlackBull Markets Review. Most of the time, the amount of leverage you can use is limited by the instrument you trade, the type of trader you are (professional or retail), and the rules that the broker has to follow.
• The excellent news is that you can use high leverage levels of up to 1:500 with BlackBull Markets. It is valid for both new and experienced traders.
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That’s great news because, even though most of the world’s regulators have already lowered the amount of leverage allowed, NZ regulators still allow high maximum leverage ratios. It means you must learn how to use power wisely to make trading manageable.
Types Of Accounts
BlackBull Markets made three types of accounts based on ECN execution and offer very competitive trading conditions because there is no dealing desk. BlackBull did a great job by giving traders of different sizes, portfolios, and needs the chance to use its best forex platform. See our good and bad points and a comparison of accounts below:
Also, there is specific and defined access for institutional trading and professionals, where all conditions are tailored and kept as per request. Active traders can also find custom solutions and extra services, such as VPS hosting, advanced reporting, rebate programmes, and so on, to improve their abilities.
How To Get A Bank Account
Opening a BlackBull account is an entirely digital process. You will be shown step-by-step how to get access and turn on your trading conditions. See how to open an account below:
1. Go to the sign-in page for BlackBull Markets
2. Type in your first and last name, the country where you live, your email, phone number, etc. You can also use a Facebook or Google account you already have.
3. Choose the type of account you want and tell them how much trading experience you have.
4. Confirm your account by email and upload proof of your ID, address, and other information.
5. Log in to your Demo account and get access to your trading and account area.
6. Then, make your first deposit.
Trading Accounts Side By Side
Standard, Prime, and Institutional are the three types of accounts. The Institutional bill has a minimum deposit of US$20,000, commissions that are “negotiable,” and spreads that start at 0 pips.
Because of this, you can’t use that account to make a good comparison. So, when we compare how much it costs to make a trade, we look at both the Standard and the Prime accounts.
1. Standard account: $50 minimum deposit; spreads start at 0.8 pips; no fees; swaps depend on the instrument.
For example, when you open and close a trade for 0.5 lot of EUR/USD, the spread is 0.9 pips. Per lot of EUR/USD, one pip is worth $10. That means you’d have to pay a space of US$4.50 to open the position and another US$4.50 to close it. The total price is $9.00.
2. The minimum deposit for a Prime Account is US$2,000.spreads start at 0.1 pips. The commission is US$6.00 per round-turn lot. The swaps depend on the instrument.
For example, you trade 0.5 lots of EUR/USD, and when you open and close the trade, the spread is 0.2 pips. Per lot of EUR/USD, one pip is worth $10. That means the space would cost US$1 to open the position and US$1.
The commission charged US$6 for a round trip for each lot, which means it costs US$3 to open one lot and the same amount to close it. , you would have to pay, In this case, $1.50 per side. The total price is $5.00.
Lot for the trip both ways. In this case, you’d pay US$1.20 per side, which would be NZ$1.68 per side if converted to NZD at 0.714. Altogether, it will cost NZ$12.16.